Also, each company has a business segment that could be spun off because it has an operating marginsuperior to its parent and would also command an above-market enterprise multiple as a stand-alone business.
"The combination of good execution at the point of sale, superior net revenue and margin management, and cost and productivity initiatives has enabled us to effectively manage through a challenging set of global business conditions, " said Chief Executive EricFossEric Foss of Pepsi Bottling.